NVIDIALong
Going Bullish and Looking Long - 3 Weeks Out Expiration
So let's break this down.
NVDA hit the price target of 95-97, actually even broke below that giving up a little extra icing on the cake... We know that Ms. Market isn't going to allow people to get rich on short-term calls and her job is to stabilize growth in the market.
NVDA did the 10-for-1 stock split and made it much more affordable for retail traders to jump in. On the flip side, institutional money is happy to buy in as well at sub 100/share. Nancy Pelosi even jumped aboard this train...
Moving forward, what's my price target? Glad you asked.
My first target is 114 and I would expect a few speed bumps before we get there.
In the "red zone", more so orange on my chart, is the first point of major resistance.
Next up, somewhere around the region of 120. A nice, round number.
Heading north on the high end, 130 and beyond. Within 3 weeks? We'll see. I'm ambitious.
NVDA hit the price target of 95-97, actually even broke below that giving up a little extra icing on the cake... We know that Ms. Market isn't going to allow people to get rich on short-term calls and her job is to stabilize growth in the market.
NVDA did the 10-for-1 stock split and made it much more affordable for retail traders to jump in. On the flip side, institutional money is happy to buy in as well at sub 100/share. Nancy Pelosi even jumped aboard this train...
Moving forward, what's my price target? Glad you asked.
My first target is 114 and I would expect a few speed bumps before we get there.
In the "red zone", more so orange on my chart, is the first point of major resistance.
Next up, somewhere around the region of 120. A nice, round number.
Heading north on the high end, 130 and beyond. Within 3 weeks? We'll see. I'm ambitious.
Note
My first target is 111 for the short-term.
114 by Friday.
120 by mid-end of next week.
It's a jam session on the market today with a slow and steady recovery.
Note
Swinging into Wednesday, mid-week, we are looking promising on the upside.
111 is on the radar for the day. Keeping it simple.
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